Extra Costs to Budget For when Buying a Home

On top of the property purchase price, you must remember to budget for a number of extras. Make sure you don’t get surprised by hidden costs when buying a house in the UK. Make sure you’re aware of these fees and bills:

Solicitor’s fees, local searches, and Land Registry fee.

Stamp Duty Land Tax on properties over £125,000, £150,000 in certain disadvantaged areas, or £250,000 if you are a first time buyer.

Mortgage lender’s valuation and survey. It’s tempting to skimp on the survey but you may regret it in the long run.